By Fred Turner Gain independence from traditional one-size-must-fit-all commercial insurance; improve your company’s cash flow, stabilize risk management budgets and improve claims handling. As our country celebrates its independence this month, many mid-sized companies are liberating themselves from the traditional risk management model offered by commercial carriers by supplementing that model with a captive insurance
Captive Insurance benefits for mid-market companies discussed. By Park Eddy With more than 90% of Fortune 500 companies having a captive insurance company, it says a lot about the viability and value of captive insurance operations.* What’s a ‘captive’? Prompted by the financial missteps of traditional insurers in the 1980s, which were compounded by enormous
ACM recently took a public position in opposition to a proposal by the NAIC’s F Committee to add the definition of “multi-state reinsurer” in the preamble to the NAIC Accreditation Standards. We believe this proposal has unintended and broad reaching consequences and are joining other regulators and industry leaders such as CICA in opposing it.
By Park Eddy Based on an April 2014 Forbes article titled “New cyber-threats that go bump in the night,” a recent report conducted by Verizon states 94% of all security incidents within a business corporation in 2013 can be linked to nine basic categories. Of the nine main threats listed, “web app attacks” was the
Tennessee Captive Insurance Association (TCIA) Summer Spotlight Conference underscores the benefits of captive insurance in the State of Tennessee. Attendees may participate in timely educational sessions that will help those in the process of forming a captive or companies wanting to conduct captive business in the state navigate what is needed. A special focus will
“Robert” was entering another crop season when the annual premium bill arrived for commercial insurance and he decided enough was enough. Instead of covering all his companies’ risk only by policies offered by the commercial market, Robert decided to also go captive. Robert’s family has ranchland in the Central Valley, dating back to the